Benchmark Finance broker is an investment intermediary. They are owned by Benchmark Group established in 2003 in Bulgaria. They present themselves as a regulated broker. In contrast to that, they offer some questionable trading conditions.

To find out if all that this broker presents is true, continue reading this Benchmark Finance review.

What is more, we strongly advise you not to invest in Hlyton, Coinexx, and GoDoFX fraudulent brokers.

Is Benchmark Finance a Regulated Broker or Not?

Even though they present some speculative options for trading, they are indeed regulated brokers. On their website, they state to have a license from institutions like BaFin, CONSOB, CNMV, etc. However, the only license for trading comes from the domestic regulator FSC in Bulgaria.

All other registration numbers are related to their permissions to trade abroad. Yet, those are not Forex and CFD trading licenses. With all this in mind, we are wondering how they allow leverage up to 1:200 when the maximum allowed by MiFID and regulations is 1:30.

They have only a Bulgarian trading license, others are EU allowances for running a business. Maximum leverage up to 1:200 is over the allowed limit for EU brokers. They have available MT4 and MT5 platforms. No available user experiences online.

Benchmark Finance Platform – Trading Software

Benchmark Finance Trading company provides the two most reliable trading software options. Those are Meta Trader 4 & 5. Whether you are looking for a desktop or mobile version, you can get it easily.

An important advantage of MT5 is the availability of netting and cryptocurrency trading. While MT4 doesn’t have those options. But what’s good is that both software options have EAs, no dealing desk, and low-margin requirements.

However, we have seen in the past with other companies that a trusted platform doesn’t define a broker as trusted. It all comes up at the end to one thing and that is withdrawal.

Benchmark Finance’s Trading Assets and Instruments

On the positive side, this broker provides access to more than 30.000 financial securities. Those are divided into 5 major groups. Available instrument classes are

• Forex – AUD/NZD, EUR/SGD, GBP/JPY
• Commodities – natural gas, crude oil, platinum
• Indices – BE 20, SPA 35, US 500
• Shares – General Motors, Walt Disney, American Express
• Cryptocurrencies – BTC, USDT, SOL

Important to realize is that this is CFD trading. Which is more dangerous than regular investing in a stock market for instance. Another key point is volatility. With high leverage and volatile assets like cryptos, the trading balance is easily wiped off.

Benchmark Finance Countries Of Service

As can be seen in Benchmark Finance reviews, they operate worldwide. But they mainly target traders from:

• United States
• Australia
• India
• Malaysia
• Canada

Even though they are regulated brokers, some countries have their own jurisdictions. Therefore, first check with your domestic regulator should you trade with this broker.

Generally speaking, established companies have very high-rated comments on user experience platforms like Trustpilot. A strange fact is that Benchmark Finance reviews can’t be seen there.

What Are The Different Benchmark Finance Account Types?

Benchmark Finance traders can choose only between two options. Yet, none of those have a minimum deposit requirement. They have:

• Meta Trader account
• Trader account

The only difference comes from the leverage where the Trader account has leverage up to 1:50. Which is still higher than the maximum allowed of 1:30.

Another key benefit is spread, which is way lower for the Meta Trader account and starts from 0.8 pips. Moreover, it’s good to know that professional accounts are available. But for that, you need to meet certain requirements.

Can a Trader Use a Demo Account?

Besides a live trading account, traders can open a demo account. They are provided with $100.000 of virtual funds. This is a good choice to test the platform, but it’s not good for learning how to trade. Virtual funds give you a false picture of trading.

Terms of Service for Benchmark Finance

In general, regulations are strictly guiding the creation of T&Cs. However, there are some irregularities. All EU, UK and Australian regulators have banned bonuses in CFD trading. Yet, this broker offers a Loyal Client program with a bonus of up to 3.000 EUR.

From funding methods this broker accepts:

• Bank cards
• Wire transfers
• Sofort

In general, the broker is processing withdrawals in 30 minutes and has 0% fees.

You can decide for yourself if is it worth investing with this broker. Many pro traders would stick to the FCA-regulated ones. Because they have the strictest control and monitoring of trading companies.

Leverage, Spreads, and Fees

For different accounts this broker offers in the end leverage up to 1:400 . But only for professional traders. Their leverage directly violates rules for retail traders and the maximum allowed leverage is up to 1:30.

Even though they advertise tight spreads, for a basic account you get 2 pips. While the industry average starts around 1.5 pips. A good fact to know is that none of these accounts have commissions.

What Should I Do If I Have Benchmark Finance Problem?

Firstly, you can share your experience with us. Their regulation is not one of the ones with the highest trust rate. But you can look for a solution there. If traders are seeking or help that means mostly that they have withdrawal issues. These are potential issues here due to some irregularities that we saw.

Secondly, our fund recovery team is always at your disposal if you need to recover any funds. Get in touch with us today and book your free consultation!

FAQ

What Is Benchmark Finance?

This is a Bulgarian-based trading company that offers Forex and CFD trading since 2003.

Is Benchmark Finance a Regulated Broker?

Yes. Benchmark Finance trading company is regulated by the Bulgarian FSC.

Is Benchmark Finance Available in the United States or the UK?

This broker provides services to clients from the US, but not from the UK.

Does Benchmark Finance Offer a Demo Account?

Besides live trading accounts, traders have an option for a demo account with this broker.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

Cryptwise is another shady online trading provider we have to expose. Since we’ve learned that this firm uses crypto fraud and scams its clients, here’s everything you need to know. Read this Cryptwise review carefully.

What About Cryptwise Regulation?

Cryptwise is a brand of Dreammkt LTD, registered in 2020 in Saint Vincent and the Grenadines. Since this offshore island has no regulator for Forex and binary options firms, every FX and CFD provider should opt for a license in the country of service. Thus, Cryptwise should be regulated by FCA, ASIC, BaFin, or any Tier1 license provider. The accent is on “should be.”

Why Is It Important For A Broker To Be Licensed?

Any investment provider needs to have a license to provide a certain level of security and ensure clients that the business is done by law. Ever since the FSA of SVG declared unauthorized for investment firms, scammers saw it as an opportunity to exploit the country and operate in a technical gray zone. FSA doesn’t verify if the brokers followed its directive and got any regulation; therefore, these fraudsters are free to do whatever they like.

To add to the foregoing, we strongly advise you to ignore brokers such as CTsolutions, Xnvest, and CFD Capital.

Traders Reviews of Cryptwise

If you check Trustpilot, you will notice that Cryptwise has no negative reviews. Knowing it’s impossible for any company, especially an investment firm, to have 100% of satisfied clients, we suspect that this broker writes its own reviews and lures customers into a scam. If something is too good to be true, it usually is.

What Platforms Does Cryptwise Offer? – Available Trade Software

Cryptwise claims to offer a “next-generation trading platform for easy and secure access into dynamic digital markets.” Well, the truth is that there’s only WebTrader, and one of the worst we’ve seen. The software doesn’t enable EAs or social trading, while we can’t speak of security when the real data is stored on the web.

If you want safety, look for MT4 or MT5.

All About Cryptwise Accounts

There are 3 the broker account types:

1. Silver – $100,000
2. Gold – $250,000
3. VIP – $500,000

Do you really get value for the money? Of course not. There’s nothing worth $100,000 as of the minimum deposit. We don’t even need to mention that any other firm requires less money for a start.

Cryptwise Broker – Countries Of Service

This company mainly operates in:

• Bulgaria
• India
• Canada

Since these countries are each on their own continent, you can tell that Cryptwise trading scam is widespread. Those living in between are not spared either, so pay attention to who’s offering you financial services and ensure you decline Cryptwise.

Cryptwise Range of Trading Instruments & Markets

As the name itself suggests, the firm offers only one trading instrument – cryptocurrencies.

Please remember the names of the DakkenGroup, 7Online, and Ruby Finance and stay away from them! Before investing, always check the history of online trading organizations!

Cryptoassets – What Digital Assets Does Cryptwise Offer?

There’s a vast number of digital coins and altcoins, such as Bitcoin, Dogecoin, Ethereum, and Ripple. All assets come via WebTrader with undisclosed leverage. Since global regulators have set a limit of 1:2 for cryptocurrencies, we’re sure that anything the trading company has to offer is higher and goes against the rules.

Cryptwise Minimum Deposit

As you saw, this firm requires a $100,000 initial deposit for the Silver account. Most clients cannot even afford it, and those who can invest with legitimate firms and not worry that the company will vanish along with their funds.

Cryptwise Unfavorable Trading Conditions

As mentioned, trading conditions with this firm are either bad or not disclosed.

Leverage And Spreads – No Access To Data

Leverage and spread are nowhere to be found, which is quite suspicious. Legitimate firms need to provide these details as they’re part of a risk management strategy and crucial to your company’s expenses.

Cryptwise Deposit, Withdrawal Methods, and Fees

Again, we’re facing a lack of information. Payment methods are not listed, and neither are any fees and commissions. Not just that you’re prompted to pay $100,000, but you have no idea how to transfer the funds and will you be able to make a withdrawal in the future.

And with this, we will close this elaboration on Cryptwise scam.

Scammed by Cryptwise Broker? – Let Us Hear Your Story

If you or someone close to you has been defrauded by Cryptwise, it’s time to seek help. Our professionals have experience dealing with scammers and can help you file a dispute for a chargeback.

But What Is A Chargeback?

This is a way for your bank to reverse the transaction and recover your funds from the merchant. Book the free consultation via online chat, and let’s get back your life savings before it’s too late.

What Is Cryptwise?

Cryptwise is an online trading crypto provider without regulations.

Is Cryptwise a Scam Broker?

Cryptwise is a scam firm registered offshore without any financial regulations.

Is Cryptwise Available in the United States or the UK?

Yes, the firm is available in both countries without a license.

Does Cryptwise Offer a Demo Account?

No, Cryptwise doesn’t offer a Demo account, only Live accounts.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

Gfacapital alleges that it strives to become the world’s number one brokerage brand with clients’ needs as their primary focus. Every investor that trades on their supposedly prestigious servers and platforms can access the global markets with confidence. 

Little do their victims know how truly devious Gfacapital actually is. If they were so clean and their intentions towards traders pure, the German regulator wouldn’t have blacklisted them! We recommend you read the following Gfacapital review before regretting your investments.

New and Already Blacklisted

As a domain, Gfacapital exists since March 2023. Relatively new to the Forex market, this sham has immediately revealed their questionable tendencies to defraud traders for their own gain. 

This anonymous entity claims in their legal docs that Polish courts have exclusive jurisdiction in case of disputes and in relation to the laws that the company follows. 

Led by that clue, we looked through the KNF database and found no broker regulated under that name. Furthermore, this ghost company doesn’t appear in the Polish government’s business register. 

However, looking through other registers of licensed companies, like FCA, CySEC, CONSOB, CNMV and BaFin, we only found one warning put up against Gfacapital by the German regulator – BaFin.

The fact that they’re already blacklisted speaks volumes about this company – they’re unsafe for investments, lack transparency, compensation funds and regulatory limitations leverage wise. These aren’t the only aspects where Gfacapital fails as a broker, so let’s discuss other particularities, too. 

Pilling Up Victims

Nothing seems to be stopping Gfacapital from continuing to defraud, manipulate and lie to their targets. Despite the warning published against them, this broker perpetually avoids legal consequences and engages boiler room agents to tirelessly call victims and spam their email inboxes. 

It doesn’t work all the time, but the scam agents definitely put effort into presenting the Gfacapital deal as something you’d regret missing out on. Not only that, but in case they can abuse your emotional interest towards them they will gladly do so for the sake of money extortion. 

While methods are many, these countries repeatedly report scam victims:

• United Kingdom
• Germany
• Australia
• Japan
• Netherlands

Poor Online Rating

If there is one thing that implies how insidious Gfacapital is, that is surely the number of negative reviews. Although the company is relatively fresh to the Forex world, the negative reviews have started appearing already. You can read some of the Trustpilot reviews here:

“This website is a total scam. They pressure you to deposit larger amounts. They promise big earnings. They will make fake transactions to convince you that their system works. When you want to close your account and withdraw your funds, they want you to deposit 10% of the amount you want to withdraw into their account, supposedly to verify your account. If they were honest they would take their fees out of the profits before paying you. Do not invest with them. You will never get your money back. They prey on naive people and have no compunctions.”

“DO NOT BELIEVE THE FAKE REVIEWS HERE. ITS A SCAM COMPANY. I have reported them to authorities and you should too. The website is a scam and the numbers they call to u. Have anyone research the company, its a scam.”

Real and Advertised Costs

Leverage of 1:200 at Gfacapital is one of the elements that gives away this scam. Due to not following regulations, the broker is able to offer leverage higher than the EEA mandatory maximum ratio of 1:30. 

Besides the enormous exposure, the trading costs are also ridiculous. Maximum spreads are promised to be just 1 pips on the website, but the webtrader reveals the starting spreads on EUR/USD being 3 pips. 

As for the other fees, Gfacapital remains completely untransparent about. This is especially concerning when it comes to funding and withdrawal fees!

CFDglobe displays the same anonymity and lack of honesty when it comes to costs.

Bonuses as Traps

Without any knowledge about the EEA legislation and the fact that bonuses are banned here, Gfacapital offers various promotions and bonuses. For example, there’s a Welcome bonus of $200, and a referral bonus.

However, if you want to get your hands on any funds that have bonuses added, you have to meet a trading volume requirement of (bonus amount + deposit) x25.

Specifics of the Gfacapital Offer

If we were to take a closer look at what this broker offers in general, we cannot find a single element that could attract users to invest. Firstly, their platform is completely bogus. Account types are overpriced to insanity and they offer nothing of value. The offer of tradable asset groups is outdated and the trading conditions are set up for you to lose, not profit!

Webtrader

Even if you’re a rookie in trading, we do not recommend a software as poor and useless as the Gfacapital platform. Lacking even the basic functions, this unreliable terminal offers shallow market insight and is actually based on a TradingView widget. 

None of the rudimentary features are present. This software is not functional by any criteria! Neo Omatic offers a similar one, and we do not recommend you to attempt trading there, either.

Typical Instruments

Tradable financial products classes offer at Gfacapital are as boring and basic as the rest of their trading arsenal:

• Forex (EUR/USD, EUR/GBP, USD/CHF, USD/AUD, NZD/AUD, CAD/USD)
• Commodities (Brent, Oil, Gold, Silver, Copper)
• Indices (JPN225, UK100, US30, US500, AUD200)
• Shares (Daimler, Alibaba, Boeing, CAT, Disney, GM)
• Crypto (BTC, LUNA, TRX, EOS, SOL, DOT)
• NFTs (Bored Ape Yacht Club, RTFKT-MNLTH, COOL_PETS_NFT)

Staggering Package Prices

Although opening the smallest live account with Gfacapital costs “only” $250, the other prices will give you a headache. For the prices they demand, you’d have a brand new sports car or a smaller yacht to buy. The problem is that even the features described are fake and just an excuse to ask for more money. See for yourself:

• MINI – $ 250
• STANDART – $ 5 000
• VIP – $ 25 000
• PRO – $ 100 000
• PLATINUM – $ 500 000+

Demo Account

Another promised service that Gfacapital failed to deliver is risk-free trading. The website only advertises a Demo account, but as soon as we registered, we were contacted and asked for a deposit. There’s no other way to use the trading terminal or any of the website’s other features.

Don’t Expect to Withdraw

Every scammer reveals their real face and nature when it comes to withdrawals. Gfacapitals is characteristic considering those mechanisms. You will recognize their fraudulent intent when you see how they use bonuses to lock clients’ funds and not allow payouts. 

Also, only methods of transaction are crypto currencies, which are the final addition to the scam signs due to being anonymous and irreversible.

Unsupportive Support

Having issues with using the site features of simply not being able to withdraw cash? Well, you should certainly not expect the customer service to help out. Being only reachable via an online form and email they never respond to, these scammers have made themselves practically untraceable. 

Final Advice 

Financial regulators can offer plenty of help when you’re trying to deal with scammers or when you’re simply trying to gather info on a particular firm. In this case, BaFin provides valuable insight into how unreliable Gfacapital is. 

We’d be glad if our Gfacapital review reached all our readers before they invest into this site. For those who have deposited and then left empty-handed, we can still help. Contact our legal experts team to walk you through the chargeback process. Don’t forget – your first consultation is completely free!

FAQ Section

What is Gfacapital?

Gfacapital is a blacklisted brokerage website that shows fraudulent intentions, according to German BaFin.

Is Gfacapital A Regulated Broker?

This broker is not regulated as they do not own a brokerage license. They’re not safe for investing, but if you’ve already deposited with them, we can help you take back that capital.

What Does Gfacapital Offer?

The firm offers nothing of value, only fake trading conditions and supposedly lucrative strategies and tools. In actuality, their offer is worthless and false.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

WorldCboe exchange is not one of the trustworthy ones. We say this primarily due to the fact they have a generally new website, registered in May 2023. But also due to a lack of transparency about legal information, ownership and addresses.

All this combined doesn’t represent a good place for your investments. However, some of you may fall for their hard sales. This WorldCboe review will show you how to get your money back.

Legal Info: Is WorldCboe Legit Or A Scam?

Considering the unknown location, you can already think about this company as a scam. If that’s not enough, you can check for their DASP or VASP license.

Yet, none of the registers don’t hold any records of it, especially not FCA, BaFin or ASIC. Therefore, investing any funds with this exchange would be like throwing money into the well.

Who Are WorldCboe’s Clients?

Based on who.is, the company’s domain is registered in 2023. Luckily, they didn’t expand their scamming activities all across the world. However, clients from some countries were directly targeted. These are: 

• United Kingdom
• New Zealand

Keep in mind that both coutries have very strict financial regulations and offer you much better choices for investing. But first, you should get your money back with our alternative refund methods. Feel free to contact us for more details.

Traders Experiences

If you don’t know if you can trust the investment firm, you can always check their reviews. Generally speaking, the ones on Reddit say it all.

Even though they might sound funny, there is always truth hidden behind some jokes. Nevertheless, if you were a victim of this crypto scam, contact us for fund recovery options.

Investment Costs With WorldCboe

Important to realize is that all investment costs with this exchange are hidden. It is just another warning sign. Otherwise, how can you know the company won’t make up fees and take everything from you? 

After all, they are not regulated anywhere, so don’t think they won’t do it. There is no respect among thieves.

Bonuses

Very rarely you will see bonuses offered by crypto exchanges, especially legitimate ones. But if you get any bonuses, make sure you read the bonus policy first. You will see often a shady clause that prevents you from getting your money back. You can see that in our AlfaCapital24 review.

WorldCboe Trading Features

If you keep in mind unknown investment costs, you know that all trading features might be fraudulent as well. Especially their web-based platform.

Once you start trading, you can expect different irregularities but primarily price and account balance manipulations. That’s the biggest downside of such software and the lack of regulations.

Is WorldCboe Legit?

Not at all. The company operates with zero transparency and most importantly, without any licenses. On top of that, as a cherry on top, you have unknown trading conditions. For a company that exists only for a couple of months, that’s not a good description.

Available Trading Assets

Tradeable assets with unknown brokerages are often irrelevant. In the first place because of data reliability. But if we consider them legitimate for a second, you might think their offer is solid. It consists only of cryptos. For instance: 

• BTC
• SHIBA
• DOGE
• LTC
• ETH
• BCH

Account Types

Crypto exchanges generally provide better conditions for existing users. But especially ones that have bigger 30-day trading volume. 

However, scam exchanges might offer you better conditions depending on your deposits. Yet, WorldCboe doesn’t have any kind of similar promotions for its clients.

Mobile Trading App

Any crypto exchange without a dedicated iOS or Android app is mediocre. That tells you how much they invest in their technology. But very often they present themselves as the industry-leading blockchain technology. Luckily, WorldCboe can’t brag about it since they don’t have a mobile app developed.

Demo Account

On top of everything, the company doesn’t even provide insight into the platform. Not to mention a demo account.  Generally speaking, it would be a nice touch to have it available. Therefore, if you are a beginner, the best option is to avoid this company.

Education

If you were expecting to learn about crypto with this company,  you can forget it. This investment firm doesn’t offer any kind of educational program, starting with webinars, 1-on-1 sessions or e-books. Yet, knowledge is the key to success. That’s why we invite you to check our Canz Trades review as well.

WorldCboe Withdrawal

After looking for their withdrawal policy, you realize there is none. Therefore, all the deposits with this exchange become questionable. Since the company mostly accepts crypto payments, you should keep in mind those are irreversible. Yet, there are ways to get it back.

Considering the fact, that the company doesn’t reveal withdrawal processing time and fees, you should opt for alternative options.

Customer Support

Another key fact is quite poor customer service options. In fact, the company only provides an e-mail for contact options. Not something you wish for when you are investing money. You want your brokers on speed dial and not to pray for their response.

Key Information To Consider About WorldCboe?

The first thing is that the World Exchange is not listed anywhere as legitimate. Secondly, they are not regulated by any trusted authority. Lastly, the firm doesn’t offer any transparent conditions, policies or costs.

Therefore, only troubles are expected by investing money in them. Hopefully, after this WorldCboe review, you will avoid them. But if you didn’t and you invested any money with them, contact us as soon as possible. Luckily, with our CipherTrace technology, you can track down your crypto transfer and apply for a refund. Book your appointment now before your money is withdrawn somewhere!

FAQ Section

What Is WorldCboe?

WorldCboe is an anonymous crypto exchange scamming investors from the United Kingdom and New Zealand since May 2023.

Is WorldCboe Regulated?

No. None of the trusted worldwide regulators ever issued a license to this mysterious crypto exchange. So, if you are one of the victims, contact us for refund advice.

How Does WorldCboe Work?

The company most likely runs hard sales advertisements to attract investors and make them deposit money. Also, with fake software, they can make them believe in unrealistic profits.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

CCG Trade, also known as Bitex, has been scamming clients for a while now. It’s a proven scam, blacklisted by the UK FCA. Before opening an account, you must read this review, trust us, you will give up.

If you are already involved with them, read our CCG Trade review and find out how to get your hard-earned money back.

CCG Trade Regulations and Security

CCG Trade is an anonymous online trading brand we know nothing about. We got no information on the company owner, headquarters, or the governing law on their website. Basically, investing money with this company would be equal to throwing it down the sink. You will never see it again, and you have nobody to complain to.

Avoid shady companies and always look for Tier1 regulated firms such as the FCA, BaFin, ASIC approved.

CCG Trade Warnings From Financial Regulators

After many complaints about the brokerage, UK FCA issued an official warning against CCG Trade. They also discovered another entity of the same company, Bitex, that they included in this warning. 

As per the FCA, CCG Trade is a scamming company without financial regulation, and none of those who had issues won’t be entitled to the FSCS compensation fund.

Fund Withdrawal Issues

So far, it’s not surprising that everything related to CCG Trade is a scam. Once you decide to invest your funds, prepare for a shock. This unregulated anonymous company asks clients for a minimum deposit of $5,000! Moreover, after you invest, they keep asking for more, and nothing is ever enough. There’s always a better market opportunity and more money to make.

Once you submit a withdrawal request, it will be denied, your account blocked and you will never see your funds.

Traders About CCG Trade Scam

Among those who have a lot to say regarding CCG Trade broker are their investors, of course. According to CCG Trade reviews, employees of the company are rude, requesting access to your computer via AnyDesk, and get aggressive if you turn them down. Also, as mentioned, there are complaints about blocked accounts, where the company blamed traders for having changed email or phone numbers.

Here is just one of the examples:

 Ccg trade, broker Mike Moreno, total scam artist, don’t trust this person with your hard earned money.

 Shame on you Michael, if that’s your real name.

 Don’t forget, what goes around, comes around.

Scam Victim

So, we recommend you avoid CCG Trade forex broker and similar brokers such as LloydFX, FxGlory and Konano.

How Does Online Trading Scam Work?

Online trading scams always start with an ad showing you all of the market potential. Once you’re hooked and want to hear more, the broker’s employees are restlessly calling you until you make an initial deposit. And after you do, you’re transferred to an account manager, who’s most likely a shark chasing your money. They will ask for access to your online banking, pressure you to show them all of your savings, checking accounts, real estate. Also, once you refuse to give your funds to them, your trading account will be blocked.

Beware of the CCG Trade scam.

Scammed by CCG Trade?

Dealing with CCG Trade, you must have been through a lot of issues. Investing in such an illicit operation is never good. However, we are here to assist you as we have helped many of the CCG Trade victims. We’ve helped them file a dispute and request a chargeback.

But what is a chargeback?

It’s a way to reverse the fraudulent transaction if you prove you were a victim of an online scam. For that, let professionals do their job. Acquire free consultation via online chat, get all of the information, and fight back. Don’t let scammers go away for free!

What is CCG Trade?

As we know, this is an online trading brokerage without headquarters or any kind of regulations.

Is CCG Trade a scam?

Yes, this is a fraudulent online trading brokerage that hasn’t disclosed basic information, including governing law.

Is CCG Trade regulated?

No, CCG Trade is not regulated and provides financial services illegally.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

Is OrbitGTM a trading scam? All the signs are there but we owe you an explanation of how this scam works.

Allegedly an offshore brokerage, OrbitGTM used a cunning facade to mask its true intentions. It did not stop us from exposing this scam in our OrbitGTM Review. Please read our text to learn why trading with this provider is risky!

Is OrbitGTM a Scam Trading Company?

OrbitGTM’s website states that this broker is run by an offshore company Aurora Solutions LTD, based in the offshore domain of the Commonwealth of Dominica.

However, we checked the database of Dominica’s FSU to verify OrbitGTM’s regulation but did not find such an entity. It means that OrbitGTM lied is unregulated.

OrbitGTM boasts a fake regulation – this broker is a member of the Crypto Conduct Authority. Yet, this dubious body has absolutely no credibility in the world of regulators.

Please avoid unregulated brokers such as OrbitGTM and Hota Crypto. Instead, find a licensed provider that operates under the jurisdiction of reputable financial market authorities such as the FCA (UK), CFTC (US), CONSOB (Italy), CySEC (Cyprus), FINMA (Switzerland), etc.

Onshore brokers have to possess significantly higher operating capital (i.g. 730,000 EUR in Europe). Also, they provide clients with negative balance protection, segregated funds, and even compensation (up to 20,000 EUR).

OrbitGTM Reviews and Comments

OrbitGTM reviews are vastly negative. There are many complaints against the broker on the trading forums. Clients had headaches due to withdrawal issues. Please heed these warnings and avoid this broker.

Try to make a withdrawal of a representative amount available, supposedly in a few seconds to kraken while your account is in a fully verified status, you will not succeed…

– PersonalReviews user, January 13, 2022.

How they get away with this deceit is alarming I was almost gotten the better of after investing with them, they refused letting me withdraw insisting that I pay some taxes before I can withdraw which I did pay for fear of losing my funds but they still refuse letting me withdraw…

– Sitejabber user, December 14, 2022.

Where Does the Broker Operate? – Countries of Service

It seems that OrbitGTM is particularly interested in scamming traders from Europe. This financial swindler’s victims reside mainly in Scandinavia and Western Europe:

• Netherlands;
• Switzerland;
• Sweden;
• Norway;
• Denmark.

All of these countries fall under one domain, i.e. jurisdiction – the European Securities and Markets Authority (ESMA). 

OrbitGTM is not compliant with ESMA’s regulation, which means this broker has no right to provide services in these countries. Fortunately, many European regulators have issued warnings against OrbitGTM.

Warnings Against OrbitGTM

Speaking of warnings, we found several against OrbitGTM. It seems that this broker is not welcome in Europe at all.

As many as eight European financial market regulators have put OrbitGTM on their blacklists. These regulators include the Swiss FINMA, Belgian FSMA, Italian CONSOB, Norwegian FI, Swedish FI, Spanish CNMV, Dutch AFM, and the Bank of Russia. 

No license, many complaints, blacklisted, do you need any more proof that OrbitGTM is a scam?

How Does the OrbitGTM Scam Work?

The usual method – make traders deposit as much as possible and then embezzle the money. When traders realize that something is off, it is already too late, the money is probably gone.

Withdrawal issues are inevitable with OrbitGTM and similar scammers such as TraderMinds. These fraudsters also demand that traders pay a fee upfront before performing their withdrawal, which is illegal to do.

OrbitGTM’s Products and Services

OrbitGTM offers a web-based trading platform. Since this platform is online, it can be accessed via both PC and mobile phones. 

WebTrader is an oversimplified trading platform with limited features. Aside from some basic charts and graphs, there’s not much else. OrbitGTM does not support proper third-party software such as MT4, MT5 or cTrader.

Nevertheless, the trading platform includes popular trading assets such as Forex currency pairs, CFDs on popular assets such as indices, commodities and stocks, and digital assets, i.e. cryptocurrencies. OrbitGTM also promises bond trading.

While the offer may seem lucrative, do not forget that you’re dealing with an unregulated scammer blacklisted across Europe.

Choice Of Trading Accounts

Let’s make an overview of OrbitGTM’s trading account types:

• Bronze – 250 $;
• Silver – 10,000 $;
• Gold – 50,000 $;
• Platinum – 100,000 $;
• Diamond – 250,000 $;
• VIP – 500,000 $.

As you can see, these accounts are quite expensive. Even 250 $ is too much to risk here. The odd thing about OrbitGTM is the max leverage offered.

Namely, the broker’s cap is at 1:7, which is really low. Offshore brokers usually offer significantly high leverage that’s otherwise unavailable onshore. But 1:7 is really low for trading currency pairs or commodities. Spreads and commissions were not disclosed.

Is It Possible to Withdraw Profit From My OrbitGTM Account?

Judging by the complaints we posted, withdrawals are impossible. To make matters worse, OrbitGTM demands you pay an illegal fee, probably a high one at that, in order to perform your withdrawal request.

OrbitGTM’s payment methods include credit/debit cards and wire transfers. The good thing about these methods is that transactions can be reversed, but only if you act quickly. 

I Am a Victim Of OrbitGTM Scam, What Should I Do?

If you have evidence that OrbitGTM violated any terms and conditions, please let us know. We will gladly report this scammer to the authorities.

Hopefully, with joint efforts, we can bring down this terrible trading scheme. If you need help getting your money back, book a free consultation with us and learn all about the chargeback procedure.

Book consultations today!

What Is OrbitGTM?

OrbitGTM is a fraudulent FX and CFD broker that claims to be based in the offshore domain of the Commonwealth of Dominica.

Is OrbitGTM a Regulated Broker?

No. OrbitGTM is actually blacklisted by eight European regulators.

Does OrbitGTM Have a Mobile Trading App?

Yes. Although OrbitGTM’s trading platform is web-based, the broker still included a mobile app for Android and iOS.

Does OrbitGTM Offer a Demo Account?

No. OrbitGTM did not include a risk-free demo account.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

Whenever you start searching for a broker, you have profit in mind. And that’s perfectly natural. However, some brokers are best avoided.

One such will be exposed in our detailed SmartFlow Work review. So don’t miss out because we’ll show you who they are and how to recover your money if you already fell for their scheme story.

Legal Aspects of SmartFlow Work Broker

SmartFlow Work presents itself as an Australian-based brokerage. Legally, if a company wants to offer Forex trading from the said country, they need to be registered with ASIC. Therefore, we searched their database looking for SmartFlow Ltd, the alleged owner.

This search provided an answer to our question of whether SmartFlow Work is legit. And the answer is no. The owner is not registered as an official business in Australia, while the broker is not in the regulatory database.

In addition, Australian brokers must maintain a minimum operational capital of 1 million AUD and provide protection and transparency for their investors. Judging by the lack of legal documents and anonymity, we doubt SmartFlow Work fulfills these criteria.

Who Are the Victims of the SmartFlow Work Scam?

SmartFlow Work website was registered in March 2023. It’s a relatively new scheme on the market, which explains the lack of regulatory attention so far.

The company promotes services through fake social media ads, luring investors by promising high gains and low trading costs. According to web traffic analysis, the majority of their victims come from:

• Germany,
• Italy,
• Poland.

Wherever you reside, keep in mind that this company has no authorization to offer any kind of financial services, let alone advise you where and when to invest your hard-earned money.

SmartFlow.Work Trading Features

Since the brokerage is not legitimate, we didn’t expect to see any special trading tools. Like Erema Invest, this company offers no reliable platform and has hidden costs. Let’s see more.

Available Trading Software – WebTrader

As mentioned, you won’t find a reliable platform with this broker. Instead of MT4, MT5, or cTrader, you can only get access to the browser-based terminal. It has no special features like Expert Advisers or social trading and is easily susceptible to various market manipulations.

Lastly, there’s no option for SmartFlow Work login from mobile devices unless you use your browser directly. It’s another drawback of WebTrader.

Trading Assets Choice

According to the website, there are over 150 financial assets traded as CFDs or contracts for difference.

• Currency pairs – EUR/USD, GBP/AUD, NOK/SEK
• Commodities – gold, silver, natural gas
• Indices – AU200, FTSE100, BE20
• Shares – Alibaba, Netflix, Tesla
• Cryptocurrencies – BTC, BCH, USDT.

Account Types

Sadly, the SmartFlow Work website presentation is relatively poor. The company doesn’t have dedicated account types. They have no Demo account and don’t specify the minimum deposit. Therefore, we have nothing much to say here.

Leverage and Commissions

The leverage is unknown, another sign of the broker’s illegitimacy. Namely, regulated companies must be explicit with all the essential information, and leverage is one of them. Furthermore, ASIC has a leverage limit of 1:30 for retail traders, which we doubt this company follows.

As per the fees, they remain hidden. Nowhere did the broker indicate the spread, swap, trading commissions, and other costs. This is the final nail in their coffin and a definitive reason to avoid the firm.

SmartFlow.Work Support – Can I Get in Touch?

You can find the email and phone number on the broker’s website. In addition, there’s a web form you can fill out and wait for someone from the company to get back to you.

However, reviews indicate that you’ll get help while you’re willing to make a deposit. Once you decide that you’ve had enough and you want a payout, you will suddenly not be able to contact SmartFlow Work. Instead, they will avoid you and make sure that your account balance is zero.

How Can I Get a Withdrawal?

SmartFlow Work Withdrawal Policy doesn’t exist. Therefore, the terms under which you can withdraw your profit are unknown. What’s worse, the brokerage didn’t even specify available payment options.

All in all, we believe that getting your money back will be a real hassle. Since there’s no legal information, it’s clear that they didn’t want you to be able to hold them liable for anything. But you can and you should. If you cannot get a payout, you should seek legal aid immediately.

What Can I Do If I Was Scammed by SmartFlow.Work Broker?

If you were scammed by SmartFlow Work or any similar fraudulent brokerage, you can contact the local authorities and your bank. You can provide evidence and request reimbursement.

You can contact professionals if you find it a challenging task or simply don’t have enough knowledge. Our chargeback department and CipherTrace crypto analysts will evaluate your case during a free, non-obligatory consultation to find a way to assist.

Don’t let scammers run with your money. Let us work with you.

FAQ Section:

What Is SmartFlow Work?

SmartFlow.Work is an unregulated online trading brokerage. If you have invested with this scheme firm and cannot get a withdrawal, we might be able to assist you.

Does SmartFlow Work Offer a Demo Account?

SmartFlow Work has no dedicated account types or risk-free Demo accounts.

Does SmartFlow Work Give a Deposit Bonus When Opening an Account?

SmartFlow Work doesn’t mention bonuses, but if offered any, ensure to ask about the terms.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

Who is GMGroup broker and is it worth your money? We’re here to show you everything about this offshore firm, and the final verdict is on you. Read our GMGroup review and find it all out.

Is GMGroup Regulated? – Important Facts

GMGroup is owned by Infinium Solutions Ltd from the Commonwealth of Dominica. Whenever we face an offshore entity, we have to be skeptical about its legitimacy. Once we’ve searched for the owner, we have what to see. Infinium Solutions Ltd has another brand – FCTrading. This brand has been blacklisted in Spain, the UK, Portugal and Italy for conducting fraudulent activities. Which kind of made us suspicious towards the broker GMGroup as well.

In addition, we strongly advise you not to invest in GMGroup, 24Funds and FX Trading fraudulent brokers.

What’s Wrong With A License? – Beware Of Fraud

It turns out that GMGroup regulation is nowhere to be found. Not with the FSC of Dominica nor reputable Tier1 regulators such as FCA, ASIC, or BaFin. All in all, you should do yourself a favor and avoid the GMGroup trading scam.

Scam Warnings Against GMGroup

It seems that GMGroup presents itself as a UK-regulated firm, using the name of a legitimate company. That’s how we got an official FCA warning.

Official Warning Issued by FCA – Evidence of Fraud

According to the FCA, GMGroup Forex broker presents itself as a part of Global Markets Group Limited, a legitimate UK company. It’s another scheme tactic offshore brokers use to lure innocent clients into a scam.

Where Is GMGroup Trading Scam Active?

GMGroup scam is active in:

• Canada
• UK
• Australia
• Germany
• Spain

Other countries are also affected, so pay great attention to any offers from this investment firm.

Also remember the names of the Tradixa, RTALive and WinHycm trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

GMGroup.pro Trading Reviews – The Truth About Trading Scam

Instead of us talking and convincing you, we will show you a couple of examples of GMGroup reviews.

“Do not use this company. Do not give them your details, such as debit card passport. This company are scammers. When they get your money and supposedly invest it for you they will ask you to upgrade when you see the figures they are showing which look really good. Then try and get money withdrawn and you hit a brick wall nobody replies to your emails. Please avoid this company or you will loose your money.”

– Trustpilot customer

“Don’t invest money this fake company

 I’m scammed already so don’t listen chit people”

– Trustpilot customer

Trading Platform Review – Trading Software

GMGroup’s trading platform is not as representative as you may hope. The broker offers a plain WebTrader, not even close to MT4 or MT5.

GMGroup WebTrader

While it may look like a trading opportunity, GMGroup WebTrader is far from that. Even if we put aside the lack of charts and indicators, this platform has no special tools or features. Social trading is impossible, while you will find limited tools, such as Stop Loss and Take Profit.

Also, GMGroup login via mobile is not enabled, so you will have to use your browser each time.

What Products Does GMGroup Offer?

GMGroup offers a standard range of trading instruments, including:

• Forex
• Commodities
• Indices
• Shares
• Cryptocurrencies

Trading Accounts Overview – Demo & Real Accounts

Here’s the list of GMGroup account types:

• Basic – $250
• Bronze – $5,001
• Silver – $15,001
• Gold – 50,001
• Platinum – 150,001
• Diamond – $500,001
• Black – 1M+

As you can tell, GMGroup’s initial deposit is $250, pretty much standard for the investment industry.

GMGroup.pro Demo Account As a Lure

GMGroup’s Demo account is available upon request, but it’s just a lure. Once you invest real money, withdrawals will be impossible.

GMGroup Deposit Methods – How To Deposit?

There’s not a variety of deposit methods. Clients can use:

• Debit/credit card
• Wire transfer
• Bitcoin

There’s nothing about fees, but we’re sure the company will make sure that you will pay for any transfer fee there is.

GMGroup Welcome Bonus Scam

Here we have come to the utmost scam – GMGroup bonus. The company offers 15-25% on the initial deposit, depending on the starting amount. However, you will not be able to make any withdrawals before you repay the bonus plus the initial deposit 25 times. It means that even if you start with the minimum deposit, you will have to repay $7,187 to be able to withdraw your funds.

Scammed By GMGroup Broker? – Talk To Our Recovery Experts

If you fall victim to the GMGroup scam, let us know. Our recovery specialists may assist you with the chargeback procedure and help you get your money back. Don’t let scammers run with your money.

Contact us via online chat to book your FREE consultation, and let’s refund you right away!

What Is GMGroup, And Should I Invest Money In It?

GMGroup is a fraudulent online investment platform based offshore.

Can I Trade Cryptocurrencies And CFDs With GMGroup Broker?

Yes, you can trade crypto and CFDs with GMGroup, but you should avoid it.

Does GMGroup Give a Deposit Bonus When Opening an Account?

You can get a 15-25% bonus when opening an account.

Is GMGroup a MetaTrader 4 Forex Broker?

GMGroup doesn’t offer MT4, just WebTrader.

Are My Funds Safe With GMGroup?

GMGroup is blacklisted in the UK as a scam, so your funds are not safe.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

At first, we thought this was just another offshore hoax. However, it seems that’s not the case. What we’re dealing with here is a completely anonymous broker with a bungled scam. Thus, it won’t be hard to expose the awful scheme in the ENS Invest Review.

Also, we recommend you not to invest in the fraudulent brokers Titan CFD, Wilton Option and Axe Market.

ENS Invest And Lies About Licensing and Regulation

The legal status of this broker is quite a mess. On the website, ENS Invest listed all the possible regulators it could’ve thought of. However, three were pointed out – the Financial Conduct Authority (FCA) of the UK, the IFSC from Belize and the FSC from Mauritius. 

We decided to check that last one and confirm whether ENS Invest is an offshore provider. Turns out, the fraudster isn’t even registered in Mauritius. Needless to say, there’s nothing on the broker in the databases of the FCA.

Why Is It Safer To Choose Regulated Brokers?

Please turn down anonymous scammers such as ENS Invest. Instead, put your trust in brokers that actually have a valid license, issued by the likes of the FCA, CySEC or ASIC.

That way, trading is much safer. You’re equipped with negative balance protection in case things go south on your end. There’s also a leverage restriction (1:30) to prevent that from happening. If the broker goes bankrupt, you have indemnification (i. g. 85,000 GBP in the UK or 20,000 EUR in the EU).

Furthermore, the licensed broker has to have a minimum operating capital of 730,000 GBP/EUR to make sure things run smoothly the whole time.

Is ENS Invest a Legit Broker or a Scam?

ENS Invest is a scammer that claims to operate in Cyprus while being regulated by the FCA, IFSC and Mauritius’s FSC. The scammer targets traders from the UK, US, Canada, Turkey and New Zealand.

What Platforms Does ENS Invest Offer? – Available Trade Software

ENS Invest was pretty vague about its trading platform. All we found on the website regarding it was that there are “mobile and desktop versions of the platform.” From our experience, anonymous scammers like this one usually offer a simple web-based platform called WebTrader.

This platform could be good for beginners since it’s limited to basic charts and indicators. For more seasoned traders, it won’t do the trick. There’s no automated trading, no branch optimization or live market reports. Those features come with Meta Trader platforms.

Moreover, WebTrader can easily be rigged to show fake trading indicators and profits. That way, ENS Invest can fool you into thinking you’re actually trading. All you’re really doing is pumping funds into the scammer’s pocket.

ENS Invest Range Investment Opportunities – Trading Instruments

When it comes to trading instruments, ENS Invest offers a wide range. Here’s an overview:

• Forex currency pairs – AUD/CAD, EUR/GBP, NZD/USD…
• Indices – CAC40, FTSE100, DAX30…
• Metals – silver, gold & nickel;
• Stocks – L’Oreal, Adidas, Gazprom, NVIDIA…
• Commodities – natural gas, crude oil, sugar…
• Crypto assets – BTC/EUR, ETH/USD, XPR/USD…

Quite a nice list, we must admit. However, it’s meant to be appealing to lure potential victims. Therefore, always keep in mind the broker’s unregulated status and shady business before investing.

ENS Invest Fraud Risk Zones – Service Countries

This little anonymous fraudster has a few of its favorite countries where it looks to defraud people. These are the ones we’re sure about:

• The United States;
• The United Kingdom;
• Canada;
• New Zealand;
• Turkey.

Mainly English speakers. Since no regulator has yet reacted to this financial swindler, it’s up to our and similar reviews to do the job. If you have useful information that could help us put a stop to this vile scheme, please share it. We would be extremely grateful.

Furthermore, we highly recommend that you avoid the scam brokers XBTFX, FewaTrade, and Avalon WM.

ENS Invest Accounts Overview

It seems there aren’t any. All we found was one service package titled Experienced. It requires a 1,000 $ minimum deposit and offers crypto & metal trading, deposit insurance, instant execution and leverage of up to 1:500.

There’s your proof that this is a hoax. If the broker were really regulated, it wouldn’t be allowed to offer leverage above 1:30 for FX major pairs for retail clients. Other trading assets are limited to even lower levels.

As for spreads, the benchmark EUR/USD pair starts from 2 pips, which is not favorable at all. It’s simply too wide.

ENS Invest Offers a Free Demo Account?

There’s no free demo account. No trial account either. ENS Invest keeps violating the rules. Legitimate brokers simply have to include one of these.

All we did find in the registration menu was a field for a promo code. We suppose the scammer sends this code to traders it considers suitable targets for getting defrauded.

ENS Invest Terms and Conditions

We were terribly disappointed that ENS Invest did not include any legal documentation whatsoever. Yet, we didn’t expect much from such a foul cyber fraudster.

Fake address, no legal documents, fake licenses, illegal trading conditions, you name it. This could be nothing else than a scam. 

Scammed by ENS Invest Broker? – Allow Us to Hear Your Story

Given the fraudulent nature of ENS Invest, we suspected the unscrupulous broker deals only in crypto asset payments. We were right – only Bitcoin and Tether are the available payment methods.

It’s pretty awful if you’ve fallen into this trap. We’re afraid to say that uncovering the identity of this scammer is impossible since you’ve deposited via crypto. However, you could still get a refund. We’ll hook you up with experts so you can trace your transaction.

What Is the Chargeback Procedure?

Crypto transactions are considered irreversible, but that’s not entirely the case. While the scammer will retain his anonymity, the transaction itself can be traced to a wallet within a crypto exchange. 

Then, a refund can be requested from the exchange. It might be a long shot but it’s worth trying. We can provide assistance.

Here you can book a free consultation and find out what to do for a start.

What Is ENS Invest?

ENS Invest is a virtually anonymous scam broker that allegedly offers Forex, crypto and CFD trading.

Is ENS Invest a Scam Broker?

Yes. There’s no legal documentation and the licenses are all fake. The broker doesn’t operate under any jurisdiction.

Is ENS Invest Available in the United States or the UK?

Yes. It seems that ENS Invest targets traders from both the United States and the United Kingdom.

Does ENS Invest Offer a Demo Account?

No. There’s no free demo account available. There is a promo code option, though.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint

Bitmarket-Trader broker is an absolutely anonymous company. They don’t reveal any address or ownership details whatsoever. Only through their T&Cs, we can assume their registration country is Estonia, since the governing laws are allegedly those.

But that’s not the end with irregularities. To find them all you have to read our Bitmarket-Trader review carefully.

Legal Info: Is Bitmarket-Trader Legit Or A Scam?

Since the governing law is Estonian, you would expect this broker to have an FIU license. Yet, they don’t. Even though they claim to work in accordance with MiFID II regulations, that’s far from reality. 

In any case, we checked other Tier 1 regulatory registers to see if this broker is regulated anywhere. Yet, neither FCA, BaFin nor ASIC registers proved that. Therefore, run from this broker as far as you can.

Who Are Bitmarket-Trader’s Clients?

Analysis shows that this broker has been active since 2023. At least according to whois.com. But since then, the company has mainly scamming traders from: 

• Belgium
• Netherlands
• India

But what’s your experience with this broker? Let us know by reaching out to our chargeback team. In the end, we might help you with the funds recovery.

Investment Costs With Bitmarket-Trader

Another important thing about this broker is that they don’t reveal any trading costs, starting with spreads, fees and commissions. None of it is available transparently, except for the leverage of 1:200. 

Such high leverage is not allowed anywhere in Europe for retail traders. Thus, they expect you to trust them.

Bonuses

Another warning sign with this scam broker is their bonuses. Even though they don’t mention it transparently, T&Cs are hiding those details. Also, they are hiding a clause where you can’t withdraw non-deposited funds.

This means everything you gained with the bonus is also non-withdrawable. But who is to decide what’s made with it? Only the Bitmarket-Trader scam broker.

Bitmarket-Trader Trading Features

Bitmarket-Trader broker doesn’t even reveal its trading software. Even though they claim to have a world-leading social trading platform, that’s far from reality. The leading platforms are MetaTrader and cTrader. Not some bogus web-based software with minimum functionalities.

Is Bitmarket-Trader Legit?

Absolutely not. Bitmarket-Trader is far away from legitimate business. Without regulations, transparent software and conditions, they can’t be. But there are many more things that can define a broker as a scam. To find out which ones, read our Beurax review as well.

Available Trading Assets

As for the tradeable assets, the company offers a wide range of them. Yet, there’s no use of it when the broker is unregulated. Anyway, the options are:

• Forex – GBP/JPY, HKD/SGD
• Commodities – cotton, aluminum
• Indices – ASX200, China50
• Shares – Netflix, MasterCard
• Cryptos – BTC, DASH, USDT

Account Types

Surprisingly, the Bitmarket-Trader scam broker doesn’t offer conventional account types. Therefore, everyone gets the same conditions. On the other hand, you can choose: 

• Staking account
• Savings account

Mobile Trading App

Non-surprisingly, the mobile app is not available, primarily because they are most likely using a web trader. These options are great for market manipulation due to easy back-end access. Instead, you should opt for a Tier 1 licensed broker with trusted software. Such as cTrader or Meta Trader.

Demo Account

As a great exploring tool, we can always find a demo account. But very rarely with scam brokers like Bitmarket-Trader. They don’t offer any insight into the platform, most likely due to many flaws and irregularities about it.

Education

One more flaw of this broker is that they don’t offer any educational program. Their goal is just to extract your money, not to teach you how to trade properly. Otherwise, they should have a license, of course. 

But to understand better why education and knowledge are important, we invite you to read our CFDglobe review.

Bitmarket-Trader Withdrawal

Without a fully transparent withdrawal policy, processing time or fees, you can’t expect easy withdrawals. The company has the right to suspend or terminate your account or your use of it at any time, for any reason or for no reason. 

But also they reserve the right to change, suspend, or discontinue all or any aspect of their site at any time without notice. All this sounds like a proper scam.

Customer Support

Another warning sign is the Bitmarket-Trader contact options. There is only a web contact form available. But if you were expecting more transparent or traceable options, you are in the wrong place. For a broker that claims to have more than 100K happy customers, that’s quite poor customer support.

Key Information To Consider About Bitmarket-Trader

Primarily, the broker is not licensed by any authority. Not to mention trusted ones. They have a shady withdrawal policy and completely mysterious trading conditions. Not to mention unknown trading platform and funds protection features. All in all, not something any trader should look for.

Thus, everyone can crack under pressure. It’s not your fault because these guys are trained for it. But there is still one thing you can do about it. Report them to authorities and also apply for a chargeback. To find out the detailed steps, we strongly suggest you book a meeting with our specialists. In the end, the first meeting doesn’t cost you anything. Therefore, nothing to lose. Get in touch today!

FAQ Section

What Is Bitmarket-Trader?

Bitmarket-Trader is an anonymous brokerage operating most likely from Estonia without any authorization to provide services anywhere, especially not in Europe.

How Many Trading Platforms Does Bitmarket-Trader Offer?

The company doesn’t reveal any trading software information. Therefore, you can expect a web-based platform with limited trading features.

Is Bitmarket-Trader Regulated?

No. The company doesn’t have any regulations and that’s why withdrawals are the issue. If you experienced the same problem, contact our refund team immediately for assistance.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!

However, if you’re here because you suspect that your investment isn’t in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

Legal Procedures for Recovering Your Money from Scammers Offer a Good Chance of Success. Start by Simply Reporting the Fraud.

File a Complaint